Newsletter - MMJC - Page 19

Introduction: The Central Government in exercise of the powers conferred by clauses (aa) and (ab) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999) (Hereinafter referred to as “FEMA 1999”) notified the Foreign Exchange Management (Non-debt instruments) Rules, 2019 [NDI Rules 2019] in supersession of the Foreign Exchange

Securities Exchange Board of India (‘SEBI’) vide its circular dtd June 25,2024 has come up with second amendment to SEBI (Prohibition of Insider Trading) regulations, 2015 (‘SEBI PIT’). The effective date of this amendment is ninetieth day from the date of publication in the Official Gazette which shall be September 23, 2024. About Trading Plans

In the ever-evolving market landscape, staying informed about material price movements is essential for complying with Rumour Verification protocols. To aid this process, the Stock Exchange has introduced a specific formula for calculating Material Price Movement (MPM). We have developed several scenarios and case studies to illustrate the application of this formula, helping in understanding

“Insolvency Dilemmas: NCLAT’s Verdict on Section 185 Compliance in CIRP Claims” NCLAT Delhi, in the matter of AVJ Heights Apartment Owners Association Vs. India Infoline Finance Ltd have dealt with the question where financial contract which was not in compliance of certain provisions of the Companies Act, 2013 can be admitted as a claim under

Securities and Exchange Board of India(SEBI) vide its amendment notification dt: June 15, 2023 notified Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), (Second Amendment) Regulations, 2023. Vide this amendment SEBI provides that listed companies will now have to disclose particulars of senior management including the changes therein since the close of

SEBI has vided its gazette notification dt: May 18, 2024, amended Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. These amendments were approved in SEBI board meeting held on March 15, 2024. Below are brief of the amendments: Amendments effective from May 18, 2024 Rumour verification Reg. 30(11): Rumour verification

Securities and Exchange Board of India vide its notification dt: May 17, 2024 notified amendment to SEBI (PIT) Regulations, 2024. This amendment is effective from May 17, 2024. Below is the comparison of old vs new provision: Old provision  New provision (e) “generally available information” means information that is accessible to the public on a

Introduction: The constitutional validity of Electoral Bond scheme and the amendments made by Finance Act, 2017 to relevant laws were challenged before the Hon’able Supreme Court of India. After hearing all the concerned parties including the Government of India and the State Bank of India who was authorized to issue electoral bonds, the Hon’able Supreme